mr did,
the fuel hedging is mentioned on page 6 of the interim report!
blunderbus,
I don't know what to say - I know its really hard, but if you get one of those calculators that has a + and a - button, add the revenues and fuel recoveries, take away the expenses, you end up with a minus number - or in accounting language, a loss.
I hope you don't work out your fuel load as scientifically as CX's profit?
gtbilly,
where to begin???? Shares bought and cancelled have no net effect to other shareholders. If CX held the $148million as cash, then each share would be worth that fraction of a cent more each. By buying the shares and then canceling them, the remaining shareholders are left with the exact same amount of money!
Yes depreciation is a non cash expense - but it is used to help apportion, over time, the cost of replacements. If they didn't depreciate then yes it would make a profit - and then 10 years from now where does the money come from to buy the new aircraft and how was it accounted for?
Stick to flying planes and leave the abacus alone for a little while!
anotherbusdriver,
its in the interim report - try reading it if your attention span will allow it!
Last edited by Hiro Nakimura; 10th Aug 2008 at 11:41.